On average, listings lease in the $60's per square foot per year. The Val Vista Lakes region is seeing a a boost in rates. In the last 3 months, the median rate rose $45 per sqft per year. That's a 227% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Val Vista Lakes region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 380 sqft. Most buildings in this region were built in 2003 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Val Vista Lakes folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.